LondonMetric Property (LON:LMP) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Shares of LondonMetric Property Plc (LON:LMP) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 189.27 and traded as low as GBX 186.20. LondonMetric Property shares last traded at GBX 188.20, with a volume of 3,193,918 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on LMP shares. Berenberg Bank reissued a “buy” rating and issued a GBX 269 price objective on shares of LondonMetric Property in a research report on Thursday, November 20th. Jefferies Financial Group raised their price objective on shares of LondonMetric Property from GBX 219 to GBX 224 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Shore Capital reaffirmed a “buy” rating on shares of LondonMetric Property in a research report on Thursday, December 4th. Finally, Peel Hunt reissued a “buy” rating and set a GBX 240 price target on shares of LondonMetric Property in a report on Tuesday, November 18th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of GBX 240.75.

LondonMetric Property Stock Performance

The stock has a market cap of £4.38 billion, a P/E ratio of 12.60, a price-to-earnings-growth ratio of 3.27 and a beta of 0.90. The company has a current ratio of 0.68, a quick ratio of 0.81 and a debt-to-equity ratio of 53.84. The stock has a 50 day simple moving average of GBX 188.99 and a 200 day simple moving average of GBX 189.27.

LondonMetric Property (LON:LMP) last posted its quarterly earnings data on Thursday, November 20th. The company reported GBX 6.70 earnings per share for the quarter. LondonMetric Property had a net margin of 66.69% and a return on equity of 3.87%. On average, equities analysts expect that LondonMetric Property Plc will post 13.7260274 earnings per share for the current year.

LondonMetric Property Company Profile

LondonMetric is a FTSE 100 REIT that owns and manages desirable real estate that meets occupiers demands and delivers reliable, repetitive and growing income-led returns and outperforms over the long term. As a real estate owner, we look to help occupiers, communities and stakeholders grow, thrive and revitalise in an evolving and complex world.